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Rishi Khan
CEO Extreme Scale Solutions
Asked a question 8 months ago

If I apply for a disaster loan, for salaries NOW, can I refi it into the PPP later? Page 18 line 12 suggests YES. Page 30 line 19 suggests NO. (using https://assets.documentcloud.org/documents/20059055/final-final-cares-act.pdf for reference)

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ami kassar
CEO Multifunding LLC and author of The Growth Dilemma

There is still a lack of clarity as it relates to applying for both.. and if you are able to keep and use the EIDL for purposes that are different then what is stated in the PPP. But yes we believe the EIDL could be refinanced with PPP

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